Target 261.05 - Nice run up to earnings, however, extremely extremely overbought and looking ripe for a correction. A correction would actually be more bullish in the long term. Watching for 261 but wouldn’t be surprised to see 200 in the next few months.
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The options market is stacked with calls for 330 and 340 for next month... 88% call flow Sadly, any dip should be bought. I do think we have a drop and pump for December and THEN I think we see a nice bear market in 2022... starting end of Dec/ Early January? Chart wise, I am with you... I would like to see at least 220ish if there would be another pump. Options is stacked fully bullish though.
@hft777777, craziness. Like I was just saying to someone I am friends with on here, Qualcomm looks ready for 240? The stock that did nothing for 20 years now is being pumped 500%? in a year and a half? Not liking it ... it's just a free for all, anything goes.
hft777777
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@CJS04, that was one of the big picks in the discord server I'm a part of. some money was made today, not by me though smh
CJS04
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@hft777777, keep an eye on it, if you dare. That pennant.. would like to see a pullback to re-test it from the top and fill the gap first... then if you dare. I see the options flow coming in with the 240 calls. All I can do is shake my head and say WTF ...